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August 02 2011

20:48

Crazy move? - Bloomberg Businessweek increases paid circulation +10pc

Act of desperation or smart strategic move?

AdAge :: Magazines once pumped up paid circulation as far as they could, even if customer acquisition, paper, printing and distribution costs overwhelmed any circulation revenue they got, because advertisers seeking big audiences made it worthwhile. In a rather unusual move for the magazine business these days, Bloomberg Businessweek is increasing the paid circulation it promises advertisers to 980,000 early next year from 900,000 now, more than undoing the prior owner's rate base cut in 2006.

Continue to read Nat Ives, adage.com

April 07 2010

11:24

April 04 2010

07:11

APRIL 23: THE NEW BUSINESSWEEK

NEW BUSINESSWEEK

As a former subscriber of BusinessWeek, I got today this email with an excellent, clear and exciting way to present the re-launch of the magazine now owned by Bloomberg.

Good way to promote sampling.

As sampling is always the best way to promote any new print product.

NEW BUSINESSWEEK 2

January 07 2010

19:11

Keeping Martin honest: Checking on Langeveld’s predictions for 2009

[A little over one year ago, our friend Martin Langeveld made a series of predictions about what 2009 would bring for the news business — in particular the newspaper business. I even wrote about them at the time and offered up a few counter-predictions. Here's Martin's rundown of how he fared. Up next, we'll post his predictions for 2010. —Josh]

PREDICTION: No other newspaper companies will file for bankruptcy.

WRONG. By the end of 2008, only Tribune had declared. Since then, the Star-Tribune, the Chicago Sun-Times, Journal Register Company, and the Philadelphia newspapers made trips to the courthouse, most of them right after the first of the year.

PREDICTION: Several cities, besides Denver, that today still have multiple daily newspapers will become single-newspaper towns.

RIGHT: Hearst closed the Seattle Post-Intelligencer (in print, at least), Gannett closed the Tucson Citizen, making those cities one-paper towns. In February, Clarity Media Group closed the Baltimore Examiner, a free daily, leaving the field to the Sun. And Freedom is closing the East Valley Tribune in Mesa, which cuts out a nearby competitor in the Phoenix metro area.

PREDICTION: Whatever gets announced by the Detroit Newspaper Partnership in terms of frequency reduction will be emulated in several more cities (including both single and multiple newspaper markets) within the first half of the year.

WRONG: Nothing similar to the Detroit arrangement has been tried elsewhere.

PREDICTION: Even if both papers in Detroit somehow maintain a seven-day schedule, we’ll see several other major cities and a dozen or more smaller markets cut back from six or seven days to one to four days per week.

WRONG, mostly: We did see a few other outright closings including the Ann Arbor News (with a replacement paper published twice a week), and some eliminations of one or two publishing days. But only the Register-Pajaronian of Watsonville, Calif. announced it will go from six days to three, back in January.

PREDICTION: As part of that shift, some major dailies will switch their Sunday package fully to Saturday and drop Sunday publication entirely. They will see this step as saving production cost, increasing sales via longer shelf life in stores, improving results for advertisers, and driving more weekend website traffic. The “weekend edition” will be more feature-y, less news-y.

WRONG: This really falls in the department of wishful thinking; it’s a strategy I’ve been advocating for the last year or so to follow the audience to the web, jettison the overhead of printing and delivery, but retain the most profitable portion of the print product.

PREDICTION: There will be at least one, and probably several, mergers between some of the top newspaper chains in the country. Top candidate: Media News merges with Hearst. Dow Jones will finally shed Ottaway in a deal engineered by Boston Herald owner (and recently-appointed Ottaway chief) Pat Purcell.

WRONG AGAIN, but this one is going back into the 2010 hopper. Lack of capital by most of the players, and the perception or hope that values may improve, put a big damper on mergers and acquisitions, but there should be renewed interest ahead.

PREDICTION: Google will not buy the New York Times Co., or any other media property. Google is smart enough to stick with its business, which is organizing information, not generating content. On the other hand, Amazon may decide that they are in the content business…And then there’s the long shot possibility that Michael Bloomberg loses his re-election bid next fall, which might generate a 2010 prediction, if NYT is still independent at that point.

RIGHT about Google, and NOT APPLICABLE about Bloomberg (but Bloomberg did acquire BusinessWeek). The Google-NYT pipe dream still gets mentioned on occasion, but it won’t happen.

PREDICTION: There will be a mini-dotcom bust, featuring closings or fire sales of numerous web enterprises launched on the model of “generate traffic now, monetize later.”

WRONG, at least on the mini-bust scenario. Certainly there were closings of various digital enterprises, but it didn’t look like a tidal wave.

PREDICTION: The fifty newspaper execs who gathered at API’s November Summit for an Industry in Crisis will not bother to reconvene six months later (which would be April) as they agreed to do.

RIGHT. There was a very low-key round two with fewer participants in January, without any announced outcomes, and that was it. [Although there was also the May summit in Chicago, which featured many of the same players. —Ed.]

PREDICTION: Newspaper advertising revenue will decline year-over-year 10 percent in the first quarter and 5 percent in the second. It will stabilize, or nearly so, in the second half, but will have a loss for the year. For the year, newspapers will slip below 12 percent of total advertising revenue (from 15 percent in 2007 and around 13.5 percent in 2008). But online advertising at newspaper sites will resume strong upward growth.

WRONG, and way too optimistic. Full-year results won’t be known for months, but the first three quarters have seen losses in the 30 percent ballpark. Gannett and New York Times have suggested Q4 will come in “better” at “only” about 25 percent down. My 12 percent reference was to newspaper share of the total ad market, a metric that has become harder to track this year due to changes in methodology at McCann, but the actual for 2009 ultimately will sugar out at about 10 percent.

PREDICTION: Newspaper circulation, aggregated, will be steady (up or down no more than 1 percent) in each of the 6-month ABC reporting periods ending March 31 and September 30. Losses in print circulation will be offset by gains in ABC-countable paid digital subscriptions, including facsimile editions and e-reader editions.

WRONG, and also way too optimistic. The March period drop was 7.1 percent, the September drop was 10.6 percent, and digital subscription didn’t have much impact.

PREDICTION: At least 25 daily newspapers will close outright. This includes the Rocky Mountain News, and it will include other papers in multi-newspaper markets. But most closings will be in smaller markets.

WRONG, and too pessimistic. About half a dozen daily papers closed for good during the year.

PREDICTION: One hundred or more independent local startup sites focused on local news will be launched. A number of them will launch weekly newspapers, as well, repurposing the content they’ve already published online. Some of these enterprises are for-profit, some are nonprofit. There will be some steps toward formation of a national association of local online news publishers, perhaps initiated by one of the journalism schools.

Hard to tell, but probably RIGHT. Nobody is really keeping track of how many hyperlocals are active, or their comings and goings. An authoritative central database would be a Good Thing.

PREDICTION: The Dow Industrials will be up 15 percent for the year. The stocks of newspaper firms will beat the market.

RIGHT. The Dow finished the year up 18.8 percent. (This prediction is the one that got the most “you must be dreaming” reactions last year.

And RIGHT about newspapers beating the market (as measured by the Dow Industrials), which got even bigger laughs from the skeptics. There is no index of newspaper stocks, but on the whole, they’ve done well. It helps to have started in the sub-basement at year-end 2008, of course, which was the basis of my prediction. Among those beating the Dow, based on numbers gathered by Poynter’s Rick Edmonds, were New York Times (+69%), AH Belo (+164%), Lee Enterprises (+746%), McClatchy (+343%), Journal Communications (+59%), EW Scripps (+215%), Media General (+348%), and Gannett (+86%). Only Washington Post Co. (+13%) lagged the market. Not listed, of course, are those still in bankruptcy.

PREDICTION: At least one publicly-owned newspaper chain will go private.

NOPE.

PREDICTION: A survey will show that the median age of people reading a printed newspaper at least 5 days per week is is now over 60.

UNKNOWN: I’m not aware of a 2009 survey of this metric, but I’ll wager that the median age figure is correct.

PREDICTION: Reading news on a Kindle or other e-reader will grow by leaps and bounds. E-readers will be the hot gadget of the year. The New York Times, which currently has over 10,000 subscribers on Kindle, will push that number to 75,000. The Times will report that 75 percent of these subscribers were not previously readers of the print edition, and half of them are under 40. The Wall Street Journal and Washington Post will not be far behind in e-reader subscriptions.

UNKNOWN, as far as the subscription counts go: newspapers and Kindle have not announced e-reader subscription levels during the year. The Times now has at least 30,000, as does the Wall Street Journal (according to a post by Staci Kramer in November; see my comment there as well). There have been a number of new e-reader introductions, but none of them look much better than their predecessors as news readers. My guess would be that by year end, the Times will have closer to 40,000 Kindle readers and the Journal 35,000. During 2010, 75,000 should be attainable for the Times, especially counting all e-editions (which include the Times Reader and 53,353 weekdays and 34,435 Sundays for the six months ending Sept. 30.

PREDICTION: The advent of a color Kindle (or other brand color e-reader) will be rumored in November 2009, but won’t be introduced before the end of the year.

RIGHT: plenty of rumors, but no color e-reader, except Fujitsu’s Flepia, which is expensive, experimental, and only for sale in Japan.

PREDICTION: Some newspaper companies will buy or launch news aggregation sites. Others will find ways to collaborate with aggregators.

RIGHT: Hearst launched its topic pages site LMK.com. And various companies are working with EVRI, Daylife and others to bring aggregated feeds to their sites.

PREDICTION: As newsrooms, with or without corporate direction, begin to truly embrace an online-first culture, outbound links embedded in news copy, blog-style, as well as standalone outbound linking, will proliferate on newspaper sites. A reporter without an active blog will start to be seen as a dinosaur.

MORE WISHFUL THINKING, although there’s progress. Many reporters still don’t blog, still don’t tweet, and many papers are still on content management systems that inhibit embedded links.

PREDICTION: The Reuters-Politico deal will inspire other networking arrangements whereby one content generator shares content with others, in return for right to place ads on the participating web sites on a revenue-sharing basis.

YES, we’re seeing more sharing of content, with various financial arrangements.

PREDICTION: The Obama administration will launch a White House wiki to help citizens follow the Changes, and in time will add staff blogs, public commenting, and other public interaction.

NOT SO FAR, although a new Open Government Initiative was recently announced by the White House. This grew out of some wiki-like public input earlier in the year.

PREDICTION: The Washington Post will launch a news wiki with pages on current news topics that will be updated with new developments.

YES — kicked off in January, it’s called WhoRunsGov.com.

PREDICTION: The New York Times will launch a sophisticated new Facebook application built around news content. The basic idea will be that the content of the news (and advertising) package you get by being a Times fan on Facebook will be influenced by the interests and social connections you have established on Facebook. There will be discussion of, if not experimentation with, applying a personal CPM based on social connections, which could result in a rewards system for participating individuals.

NO. Although the Times has continued to come out with innovative online experiments, this was not one of them.

PREDICTION: Craigslist will partner with a newspaper consortium in a project to generate and deliver classified advertising. There will be no new revenue in the model, but the goal will be to get more people to go to newspaper web sites to find classified ads. There will be talk of expanding this collaboration to include eBay.

NO. This still seems like a good idea, but probably it should have happened in 2006 and the opportunity has passed.

PREDICTION: Look for some big deals among the social networks. In particular, Twitter will begin to falter as it proves to be unable to identify a clearly attainable revenue stream. By year-end, it will either be acquired or will be seeking to merge or be acquired. The most likely buyer remains Facebook, but interest will come from others as well and Twitter will work hard to generate an auction that produces a high valuation for the company.

NO DEAL, so far. But RIGHT about Twitter beginning to falter and still having no “clearly attainable” revenue stream in sight. Twitter’s unique visitors and site visits, as measured by Compete.com, peaked last summer and have been declining, slowly, ever since. Quantcast agrees. [But note that neither of those traffic stats count people interacting with Twitter via the API, through Twitter apps, or by texting. —Ed.]

PREDICTION: Some innovative new approaches to journalism will emanate from Cedar Rapids, Iowa.

YES, as described in this post and this post. See also the blogs of Steve Buttry and Chuck Peters. The Cedar Rapids Gazette and its affiliated TV station and web site are in the process of reinventing and reconstructing their entire workflow for news gathering and distribution.

PREDICTION: A major motion picture or HBO series featuring a journalism theme (perhaps a blogger involved in saving the world from nefarious schemes) will generate renewed interest in journalism as a career.

RIGHT. Well, I’m not sure if it has generated renewed interest in journalism as a career, but the movie State of Play featured both print reporters and bloggers. And Julie of Julie & Julia was a blogger, as well. [Bit of a reach there, Martin. —Ed.]

[ADDENDUM: I posted about Martin's predictions when he made them and wrote this:

I’d agree with most, although (a) I think there will be at least one other newspaper company bankruptcy, (b) I think Q3/Q4 revenue numbers will be down from 2008, not flat, (c) circ will be down, not stable, (d) newspaper stocks won’t beat the market, (e) the Kindle boom won’t be as big as he thinks for newspapers, and (f) Twitter won’t be in major trouble in [2009] — Facebook is more likely to feel the pinch with its high server-farm costs.

I was right on (a), (b), and (c) and wrong on (d). Gimme half credit for (f), since Twitter is now profitable and Facebook didn’t seem too affected by server expenses. Uncertain on (e), but I’ll eat my hat if “75 percent of [NYT Kindle] subscribers were not previously readers of the print edition, and half of them are under 40.” —Josh]

Photo of fortune-teller postcard by Cheryl Hicks used under a Creative Commons license.

November 25 2009

09:59

November 20 2009

23:49

4 Minute Roundup: Media Company Layoffs; Omidyar Startup

Here's the latest 4MR audio report from MediaShift. In this week's edition, I look at the deep layoffs that are planned at AOL, the AP and BusinessWeek. In the case of AOL, the company plans to shed one-third of its workforce, or 2,500 staffers. eBay founder Pierre Omidyar announced plans to launch a news startup in Hawaii that will combine citizen journalism with professional reporting to cover local civic issues. I asked Just One Question to Bayosphere founder Dan Gillmor about Omidyar's venture.

Check it out:

4mrbareaudio112009.mp3

Background music is "What the World Needs" by the The Ukelele Hipster Kings via PodSafe Music Network.

Here are some links to related sites and stories mentioned in the podcast:

Google Makes AOL's Turnaround Task Even Harder at AllThingsD

AOL Slashing A Third Of Staff; Armstrong Will Forego '09 Bonus at PaidContent

AOL shows worst not over for media job cuts at Reuters

Layoffs begin at BusinessWeek at Talking Biz News

With Latest Layoffs, AP Hits Goal Of Reducing Payroll By 10 Percent at PaidContent

Aloha at Peer News blog

Omidyar to the Rescue of Professional News? at BusinessWeek

eBay Founder Starting Online News Site at InformationWeek

Ebay Founder Omidyar Shuttering His Twitter Project Ginx, To Launch Online News Site at ReadWriteWeb

Why it Matters that Pierre Omidyar is Launching a News Startup at MediaShift Idea Lab

Here's a graphical view of last week's MediaShift survey results. The question was: "What if Rupert Murdoch takes all News Corp. content out of Google?"

survey murdoch grab.jpg

Also, be sure to vote in our poll about what will happen due to all the media company layoffs.

Mark Glaser is executive editor of MediaShift and Idea Lab. He also writes the bi-weekly OPA Intelligence Report email newsletter for the Online Publishers Association. He lives in San Francisco with his son Julian. You can follow him on Twitter @mediatwit.

This is a summary. Visit our site for the full post ».

November 19 2009

18:00

Profiles in Courage: Social Media Editors at Big Media Outlets

During a recent trip to see an editor I work with at The Globe and Mail, a national newspaper in Canada, I passed by the newspaper's cafeteria. My editor looked in and pointed at a man who was sitting with his back to us.

"There's Mathew Ingram, doing his office hours," he told me.

Ingram is the Globe and Mail's communities editor, a job he took on after being a technology reporter, columnist and blogger for the paper. My editor explained that Ingram's "office hours" consist of him making himself available in the cafeteria so that anyone can come see him and talk about Twitter, user comments, blogging, or anything thing else that falls under the social media/community banner.

Five years ago, there was no such thing as a community manager or social media editor at large media organizations. Today, this role exists at places such as the New York Times and NPR, among others. To get a sense of the role of these new social media editors at big media organizations, I spoke with four people currently filling these positions.

Mathew Ingram

Name: Mathew Ingram

Title: Communities editor, The Globe and Mail.

Time in the Position: Close to a year.

Previously: Technology reporter, columnist, blogger for the paper.

What the Job Entails: "There was never really a job description so we have been making it up as we go along," he said. "The general idea was to have someone who was thinking about how we interact with readers online, and all the ways of doing it and ways we could be doing it."

Biggest Challenge: "To be blunt, complacency is the biggest danger, the biggest risk," he said. "The biggest challenge is raising awareness of these tools, and convincing people that they are worthwhile. That's something that has been easier with certain people than with others. There's a wide spectrum of awareness and openness to trying new things. Let's face it: being a newspaper reporter hasn't really changed in a huge amount [over the last few decades]. You use a computer rather than a typewriter. So the change taking place right now is maybe harder to deal with if you've been doing that for a long time."

Best Initiative So Far: Using CoverItLive for discussions and liveblogging. "For certain things, like our swine flu discussion, we have gotten 10,000 or 15,000 people, and hundreds and hundreds of comments, along with interaction between editors and writers and readers," he said. "To me, that is a magical thing that never would have happened if we hadn't used that tool. We can also wind up making what we do better. In the swine flu discussion, we were feeding news into the live discussion and we had a Google Map that an epidemiologist had created. Someone said in the discussion that the map was not up to date. Our editor asked if anybody knew of a better map, and three minutes later a guy posted a link to a better map that we never would have found."

Lesson He's Learned About the Globe Community: "We get surprised daily by the things that people are interested in, and the things they want to read about or talk about," he said. "...For me, the big benefit of using these tools is getting a better idea of what readers want. Before, we kind of just had hunch and found out long after the fact. Now we can watch in real time."

Biggest Mistake: "I'd love to say we haven't made any, but I wish we had gotten involved in Facebook earlier on, and built an audience there or made better use of it."

Final Words: "Focus on the small victories. It's quite easy to get overcome and disillusioned when people are not interested in what you think is valuable, or when the things you try don't work."

Shirley Brady

Shirley_Bradysmall.jpgName: Shirley Brady

Title: Community editor, BusinessWeek.

Time in the Position: Close to 18 months.

Previously: Editor of the Cable360.net website, and a reporter at CableWorld magazine. Previously held editorial positions with Time Inc., among other media organizations.

What the Job Entails: "I spend a lot of time in the comments observing the trends, featuring people across the site, and trying to connect with our writers and say, 'Hey, there's this really interesting conversation going on, you may want to chime in.'" She also works on their blog, "What's Your Story Idea?": http://www.businessweek.com/blogs/whatsyourstoryidea/, and was brought on to help manage the magazine's Business Exchange community.

On Interacting With the BusinessWeek Community: "We've done things that feature our readers on the site by using their comments or contributed articles," she said. "Our audience is business professionals and they are on the front lines of all the stuff we're writing about. They are doing what we're just observing."

Best Initiative So Far: "We had a reader dinner and invited 10 really avid readers to come in and tell us what they like and don't like," she said. "The big takeaway was that our comment system, which is pretty basic, needs to get better... We got to sit face-to-face with these people, some of whom we only knew from their user names."

Biggest Lesson Learned: The need to manage expectations for new initiatives. "It's been interesting watching our Business Exchange platform launch because there were very aggressive expectations for it internally," she said. "As a user, I know the demands on people's time are really intense, and to expect people to adopt another social network is a lot to ask."

Next Big Challenge: Integrating with the magazine's new owner, Bloomberg. "We've been acquired by Bloomberg and are waiting to find out what their strategy is," she said. As this article was being finalized, Brady announced on Twitter that her "role isn't continuing with Bloomberg," and her last day at BusinessWeek will be December 1.

Andy Carvin

andycarvin.jpgName: Andy Carvin

Title: Senior strategist for NPR's social media desk.

Time in the Position: He's been the social media/community guy at NPR since September 2006.

Previously: Ran the non-profit Digital Divide Network.

What the Job Entails: "I work with a team called the social media desk, which is an editorial unit that focuses on ways for our reporters to interact with the public," he said. "The way I look at it is NPR has this large, loyal community of more than 26 million listeners around the country who tend to see us as more than just a content producer. In some ways, being involved with NPR is almost a lifestyle choice for them. We've had a long history of reaching out to the public and having hem contribute ideas and content. But there's never been a platform before social media that enabled us to interact with the public and give them tools to interact among themselves."

Biggest Lesson Learned: "The key thing is to come up with a variety of ways that people can interact and work with you," he said. "On one end you might have people contribute long stories and put together thoughtful narratives, whether in text or video or audio. At the other end, you may have some who are just wiling to share a quick snippet and move on."

Best Initiative So Far: HurricaneWiki.org. "Last fall when Hurricane Gustav was approaching, we asked for volunteers on Twitter to come together and list hurricane-related resources. Over 48 hours we had over 500 people signed up to build a wiki called HurricaneWiki.org," he said. "They built Google Maps with evacuation routes and shelter information, and some people listened to ham radio and scanner traffic for information and transcribed that." He also notes that Scott Simon and the team at NPR's Weekend Edition have done a good job using Twitter.

What He's Learned About the NPR Community: "These are communities that love us and our mission and what we do, they want to help us succeed and prosper -- and we ignore them at our peril," he said. "Thankfully, we are not ignoring them. It's about understanding that people who use social media and are fans of NPR are our most powerful supporters. They can be advocates, soldiers, messengers. They can assist in editorial matters as well."

Final Words: "There's no edict here saying that every person has to be on Twitter or Facebook. We do it somewhat organically because we want to make sure the staff that are using social media understand why they are using it, and have editorial goals in mind."

Jennifer Preston

jennifer_preston.jpgName: Jennifer Preston

Title: Social media editor, New York Times.

Time in the Position: Close to six months.

Previously: Edited the Sunday suburban section of the paper. Has also held other editing and reporting roles at the paper, along with jobs at other media organizations.

What the Job Entails: "I don't really have a typical day. I would say one of the challenges is not doing things on a piecemeal basis, and I'm sure my colleagues would share that concern. We know we have to put effort into getting more people to begin using these tools."

What She's Learned About the Times Community: "Surprise, surprise they like us. I tell anybody who is having a bad day around here just to go to the Twitter search field and look at what people are saying about our work," she said. "People are sharing and recommending the work... One of the really cool, fun, powerful things about social media is that, through the power of recommendations, your loyalists can share the stuff they like. We produce a lot of great stuff, and it's been heartening just to see people share that with enthusiasm."

Best Initiative So Far: New York Times Twitter Lists. "One initiative that helped us move forward quickly, and in an area where there is tremendous potential, is Twitter Lists," she said. "It was an opportunity to go across the newsroom desk-to-desk and talk with different editors and reporters and explain how the feature works and say, 'Hey, how about giving me a list?' I'm mindful that the landscape changes rapidly, and we will change with it. But I do think the Twitter Lists project for the newsroom has helped us get more people interested in Twitter." Preston noted that the paper built new Twitter Lists as reports rolled in about the Fort Hood shootings. "I sit in the middle of the newsroom with the continuous news desk, and so we were all jumping on the story and trying to figure out what was going on," she said. "I walked over to Jenny 8 Lee and said, 'Jenny can you help me put together a Fort Hood list?'"

Biggest Lesson Learned: "One of the most important lessons learned is that much of the best ideas, and the really creative approaches and innovations, come from the developers, many of whom work here in newsroom," she said. "This job is also a public role, and I was unprepared for that. Some people were very kind and helpful and welcoming, but there was a group who were not. I had to figure out what my role is on Twitter because every broken link I sent out was seen as a crime. In any event, you have to be resilient and have a sense of humor."

Final Words: "The New York Times did not discover social media with my appointment, and vice versa," she said. "For the last two years we have had more than a couple hundred accounts on Twitter, and we now have 2 million followers on our main feed. We have half a million fans on Facebook...We're going to be doing something interesting very soon with Tumblr. The really fun part of this whole moment is that you can really play in the space and have fun and figure out what works. And if it doesn't work, that's okay, you can try something else."

Craig Silverman is an award-winning journalist and author and an associate editor at MediaShift and Idea Lab. He is the founder and editor of Regret The Error, the author of Regret the Error: How Media Mistakes Pollute the Press and Imperil Free Speech, and a weekly columnist for Columbia Journalism Review. Follow him on Twitter at @CraigSilverman.

This is a summary. Visit our site for the full post ».

November 06 2009

16:50
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